Nobody is writing about it, but defensives are bid. A rotation signal or a flight-to-safety tell?
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Utilities quietly printing 52-week highs
Nobody is writing about it, but defensives are bid. A rotation signal or a flight-to-safety tell?
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Sector Rotation
Energy fades for the third straight session as capital rotates
Breadth inside the sector is deteriorating. Here are the tickers most exposed if the move extends.
Sector Rotation
Financials are cooling after a five-week run
Sector breadth is down from 74% to 52% in ten sessions. JPM and BAC are still holding the bid; most regionals aren't.
$NEE
52W HighLight Volume
NextEra prints its fifth 52-week high in two weeks
Utilities are the stealth leader this month. NEE is the cleanest chart in the sector and the bid shows no signs of tiring.
$XOM
Sector Rotation
Exxon holds while the rest of energy slides
Relative strength inside a weak sector is the kind of setup quants pay for. XOM's 1D underperformance is the best in the group.